We’ve been focused on a 58.45 Hidden Pivot target since crude was trading near $80, and it remains my minimum downside projection as well as a place to try bottom-fishing with a tight stop or the ‘camouflage’ technique.  However, the target is not chiseled in stone, and if crude were to breach it by more than 30 or 40 cents, I’d infer that the 55.43 target of the lesser pattern shown is in play.  Early Monday night, its midpoint sibling at 62.49 appeared to be holding, suggesting an opportunity from the long side for nimble night owls.  If you get long at or near this number, I suggest holding risk:reward constant at 1:3 ratio, based on the width of your initial stop-loss. _____ UPDATE (10:29 a.m. EST):  The overnight low was 62.25, just 24 cents from the midpoint pivot flagged above. Longs from that number could have caught a very profitable and painless ride, since the futures subsequently popped to 64.20 (!). _______ UPDATE (December 10, 9:13): Next tradable stop on the way down: 60.49. _______ UPDATE (5:45 p.m.): The 60.49 target came within 12 cents of nailing Wednesday’s low. If you were able to get long, the initial rally could have been worth as much as $990 per contract, since the futures surged to 61.60 within an hour. ______ UPDATE (December 13, 2:06 a.m.): Yesterday’s selling brought the futures down to within 35 cents of the 58.45 target noted above — the midpoint Hidden Pivot support of a very long-term downtrend. Odds favor a strong bounce from these levels, but if the January contract should close for two consecutive days beneath the pivot, the 55.43 target of the lesser downtrend also noted above would be the next logical stop.